A College Student Budget - in
Let’s pretend that you have a credit card with a $1,500 balance on it. Your card gives you up to 25 days to make a payment without any penalties or fees. It is now 34 days since the bill was due. The card has an APR of 13%, as well as a $10 late fee and a 2% minimum payment plus interest. Interest: .13/12 months = .01083% interest for the month ................
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